I don't think the decline was all due to short selling. I have maintained all along that some big institutional holders were selling all of last month and there weren't enough buyers to stem the tide. the float is awfully small. Nevertheless, there are lots of shorts and they need to cover. is today the day?
I agree. If not for short selling stocks like this one would already be overpriced and no one would buy it. I trade mostly in ETF's but the few stocks I buy are usually driven down by short selling. That's how this one popped up. I just didn't realize we would be getting to THIS level...LOL! Still, we are holding above m stop loss. At the rate of decay we have going here, I'm still good until maybe Thursday or Friday. LOL!!